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, if you stick with the plan, i think equities are poised to do well this year. >> i talked with jim o'neill and he was saying he thinks this could be the year that the u.s. actually loses its leadership edge when it comes to bull markets and things going on. he thinks you handed it off to other countries overseas at this point. are you worried at all about that? >> i'm not. jim o'neill speaks from a different point of view than i would. maybity right in the thick of it down here. i'm a big believe in america. big believe in the markets. i have be a exposure to the markets like everybody does but i'm not ready to pass the mantle to somebody else. >> rich, we are talking about fighting the fed and what is bad idea that is. bonds are another market that people seem to not fight the fed but is this is the year that interest rates start higher? >> we don't know that. the fed is a huge elephant in the room and it is as long as they keep buying bonds, you don't have a problem. the thing that concerns me is that -- >> go ahead. >> the thing that concerns me is we borrow a trillion plus dollar
. the dax is higher by 2%. italy up 3.5%. but of course, jim, what a two-day streak of gains we will see here on the market. >> i think that we're set up to go higher. i also want to caution -- i don't like to buy up 2%, 3%. that's never been a terrific way to get the year started. there's a lot of money coming in. i do want to be optimistic about 2013, because i felt that what was going to happen was capital gains could go up more, defense could go up a lot more. i was fearful going over the cliff. i can immediately switch to the debt ceiling and be negative and want to cry. but i want to focus on the fact that we got something good that happened. i know no one liked the deal. that's what happens. that's what compromise is about. >> exactly. >> you're not supposed to like a compromise deal. >> i agree. listen, it's a time to be optimistic. i love the tweet this morning that let's put d.c. on the back burner a bit, and put the stock price where it's supposed to be, which is future earnings. >> we'll get there in one 1/2 months when the sequester is over, when we'll have to deal with the
in mobile, alabama, on christmas day. destroying several homes. weather channel's jim cantore live for us in mobile and joins us now. obviously, the sun is out and completely different now but explain why the monster system brought such a different batch of unexpected weather to certain places. >> reporter: well, we haven't had any big cold air masses in the east. so, you know, unless the gulf which is our fuel source is cooled off by a cold front, we can just take it as much as we want and that's what this storm did. came down, scooped up moisture, got warm and the jet stream came over and tornadoes that caused damage. this is a parish here, this is a an episcopal church. looking at the roof damage. you see a couple pieces of roof gone. that's not too bad. look how massive the church is and the top layer here, completely twisted by the tornado. all right? so that's going to have to be removed and rebuilt in through here. trees, power lines, damaged throughout mobile. we may have a four to five-mile path here but alabama power have been out all evening and morning getting some 40,000 peop
." i'm jim cramer, and i'll see you tomorrow. >>> good evening. i'm michelle caruso-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point w
as we speak. and hormel was representing so that point got through. jim frederick, thanks for joining us tonight. >>> up next, an attempted coup if you will. to derail a movement off the tracks. although i think they have a lot of influence. look at the cliff. the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may inherit john kerry's senate seat now that he's been nominated tr secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat because he considers connecticut his home. >>> and it looks like ben affleck is sticking to life in hollywood instead of heading to washington. the star of argo, a great movie, says that he quote, loves the political process but i'm not running for office. we'll be right back. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you
. jim frederick, thanks for joining us tonight. >>> up next, an attempted coup if you will. to derail a movement off the tracks. although i think they have a lot of influence. look at the cliff. the tea party will not act to keep the government going. this is "hardball," the place for politics. >>> still no word on who may i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> still no word on who may inherit john kerry's senate seat now that he's been nominated for secretary of state. we know who won't. ted kennedy jr. says he won't run for the massachusetts seat be
to get up to 1600 once again and i look for it to go higher. >> jim, the house reconvenes sunday night. the senate squabbling right now. the president's back in town. how are you trading or investing in this market in the meantime? >> well, bill, i thought it was difficult to underestimate the ability for congress to underdeliver. but here we are again. >> yes. >> our best case is, we probably thought it was going to go into the, go past the new year and i think that's what we're going to see. so, we'll probably tech nick little go over the cliff but we won't stay over and it's probably maybe even better off that we get a new congress looking at the prospects of a deal. there is a deal out there as opposed to the lame duck session. we'll probably have some volatile till but i think those are buying opportunities and we expect a better 2013. >> what kind of buying opportunities? what would you be looking to buy? >> well, certainly the sectors that have done well, i think, continue to be the financials. you look at consumer discretionary in here, which could take a hit and a down turn. n
them and companies of tomorrow will not get the funds they need to jim walton of walmart four million from dividends. they are top guys pulling the money out. when you look at investment dollars. we have seen so much fluxation in the stock market. stuart varney said it was an effort to cash out some of the money because they don't know what is happening next year. it proves the basic point. you raise taxes you are not raising revenues. most people will respond to thes . they are not sure and look at walmart. it is the walton family that is the richest family in the united states. they initially planned dividend pay out for january 2nd . uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and othe
. people watching closely remember mitt romney and jim messina tweeting condolences and the obama campaign shut down for the day when alex died. what was meaningful was it's unfathomable. he was of the age that swept obama into power. not politically silent, but somewhat motionless and actually came out in full force and helped create this identity and they were as much a part of it that they supported and it just seems profoundly unfair that he didn't make it to see at least the end of the 2012 election cycle. >> talk about the process of how newtown changed the complexion's content of the list. >> we added essentially a second cover to this issue. we use that to acknowledge the victims of newtown. to point out that this is a celebration of life. there is no way to express the horror and the that occurred in that tragedy. our decision to acknowledge newtown in a context that we gave it was simply the only meaning we can scribe to at this moment. we have meaning for decades and decades beyond that. this may impact obama's term, we don't know yet. we have to do it in the best way we could a
Search Results 0 to 8 of about 9